Some commercial tax preparers have faced a barrage of lawsuits over so-called Rapid Refund programs. Rapid Refunds are short-term loans based on an expected tax refund. In Minnesota, those loans on average carry annual interest rates of more than 200%. Several non-profits say some tax preparers have taken advantage of the poor with those loans. But instead of going to court, one tax group is taking a different approach. It's setting up its own Rapid Refund program for low-wage workers.
Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.
Views and opinions expressed in the content do not represent the opinions of APMG. APMG is not responsible for objectionable content and language represented on the site. Please use the "Contact Us" button if you'd like to report a piece of content. Thank you.
Transcriptions provided are machine generated, and while APMG makes the best effort for accuracy, mistakes will happen. Please excuse these errors and use the "Contact Us" button if you'd like to report an error. Thank you.